03.08.26
BRICS develops independent payment platform
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Photo source: Poike / iStock
The BRICS Pay initiative, which integrates the national financial systems of the member states, was proposed by the BRICS Business Council. The project is currently being prepared for its pilot launch. According to analysts' forecasts, the platform could enter widespread commercial use as early as 2028.
What advantages will the new settlement mechanism bring to the BRICS countries?
Watch our report.
TV BRICS reporters: Aleksandra Duranovskaya, Leonid Samuna
TV BRICS cameraman: Aleksander Ermolaev
Translated and voiced by Artificial Intelligence.
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Ashok MondalNID Director"Signing this Memorandum of Understanding between the National Institute of Design (NID) and TV BRICS marks a pivotal milestone in advancing design diplomacy across the BRICS media space. This moment is especially significant as India hosts the 18th BRICS Summit, following India’s assumption of the BRICS chairship under the visionary leadership of Prime Minister Shri Narendra Modi. The partnership directly embodies his call to elevate Indian design standards through 'Design in India, Design for the World'. Through the global reach and broadcast capabilities of TV BRICS, we are excited to showcase the extraordinary visual storytelling, films, and design research of NID’s Film and Video Communication students to an international audience, while also welcoming and screening film works from BRICS network countries at NID Ahmedabad. This reciprocal exchange strengthens our shared commitment to educational, cultural, and artistic collaboration, fostering sustainable connections among global creative communities. NID Ahmedabad looks forward to leveraging this partnership to deepen cross-cultural dialogue, build international expert networks, and unlock transformative opportunities for filmmakers, researchers, and faculty across member nations" -
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Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
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